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In this article, we will illustrate both lumber and copper prices using the same technical indicators as described in a previous article: Technical Analysis—Indicators that Identifies Overbought and Oversold levels From the below charts, it seems to support Bloomberg's comment on 11/30/2019: When it comes to financial markets, it looks like America is besting China . The U.S. economy however was off to modest start in the fourth quarter as consumers limited spending . More broadly, central bankers are worried what their cheap money policies may wreak . Lumber Price Copper Price References Technical Analysis—Indicators that Identifies Overbought and Oversold levels

In [1], Victor Dergunov  has used the below indicators to identity $SPX overbought levels: Commodity Channel Index (CCI) Relative Strength Index (RSI) Full Stochastic Oscillator In this article, we will use the same indicators to look at EWY (iShares MSCI South Korea Capped ETF NYSE). Figure 1.  EWY chart on 11/08/2019 Relative Strength Index (RSI) Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30 . Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend. EWY (11/08/2019) On 11/05/2019, the RSI was over 70 and now is back to 66.40. Commodity Channel Index (CCI) Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warn o...